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Tax Deductibility of Credit Card Interest

For years, the notion that credit card interest could be tax deductible was largely dismissed. However, recent tax law changes in 2025 open new possibilities. Under certain conditions, interest on business purchases made via credit cards can now provide such deductions.

This change is a boon for entrepreneurs and small businesses, who can now strategize purchases more effectively with tax implications in mind.

The key lies in diligent record-keeping and understanding applicable conditions under which deductions can be claimed, an area where many falter unknowingly.

The complexities of this newfound deductibility create intriguing planning opportunities among the financially savvy. But be ready to be amazed by who realized this potential first…